WANT vs. NAIL
Compare and contrast key facts about Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) and Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL).
WANT and NAIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WANT is a passively managed fund by Direxion that tracks the performance of the S&P Consumer Discretionary Select Sector Index (-300%). It was launched on Nov 29, 2018. NAIL is a passively managed fund by Direxion that tracks the performance of the Dow Jones U.S. Select Home Construction Index (300%). It was launched on Aug 19, 2015. Both WANT and NAIL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WANT or NAIL.
Performance
WANT vs. NAIL - Performance Comparison
Returns By Period
In the year-to-date period, WANT achieves a 44.33% return, which is significantly higher than NAIL's 20.06% return.
WANT
44.33%
26.71%
69.38%
71.78%
9.87%
N/A
NAIL
20.06%
-7.59%
27.73%
89.88%
13.61%
N/A
Key characteristics
| WANT | NAIL | |
|---|---|---|
| Sharpe Ratio | 1.39 | 1.19 |
| Sortino Ratio | 1.91 | 1.86 |
| Omega Ratio | 1.23 | 1.23 |
| Calmar Ratio | 0.97 | 2.02 |
| Martin Ratio | 5.95 | 4.86 |
| Ulcer Index | 12.31% | 18.96% |
| Daily Std Dev | 52.53% | 77.53% |
| Max Drawdown | -85.89% | -93.75% |
| Current Drawdown | -53.43% | -25.37% |
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WANT vs. NAIL - Expense Ratio Comparison
WANT has a 0.98% expense ratio, which is lower than NAIL's 0.99% expense ratio.
Correlation
The correlation between WANT and NAIL is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
WANT vs. NAIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) and Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
WANT vs. NAIL - Dividend Comparison
WANT's dividend yield for the trailing twelve months is around 0.66%, more than NAIL's 0.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
WANT Direxion Daily Consumer Discretionary Bull 3X Shares | 0.66% | 0.45% | 0.00% | 0.00% | 0.07% | 0.65% | 0.00% | 0.00% |
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares | 0.39% | 0.22% | 0.00% | 0.00% | 0.01% | 0.17% | 0.35% | 1.25% |
Drawdowns
WANT vs. NAIL - Drawdown Comparison
The maximum WANT drawdown since its inception was -85.89%, smaller than the maximum NAIL drawdown of -93.75%. Use the drawdown chart below to compare losses from any high point for WANT and NAIL. For additional features, visit the drawdowns tool.
Volatility
WANT vs. NAIL - Volatility Comparison
Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) and Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) have volatilities of 18.27% and 18.52%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.